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Instructions: Given the numbers below, compute for: Labor Force Participation Rate Employment Rate Unemployment Rate Underemployment Rate Visibly Underemployment Rate Account (in thousands) Philippine population
Instructions:
Given the numbers below, compute for:
- Labor Force Participation Rate
- Employment Rate
- Unemployment Rate
- Underemployment Rate
- Visibly Underemployment Rate
| Account (in thousands) | |
| Philippine population | 1,000,000 |
| Below 15 years of age | 390,660 |
| Employed | 412,850 |
| Unemployed | 77,080 |
| Underemployed | 114,900 |
| Visibly underemployed | 88,670 |
| Invisibly underemployed | 26,230 |
NOTE:
Please show your complete solutions and formula used.
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Macroeconomics
Authors: Michael Parkin
10th Edition
013485330X, 978-0134853307
